Topic: How do you deal with loss? - page 7. (Read 52306 times)
You have to accept them and see where you were wrong and do better the next time. Also make sure you have stop-losses set and don't go in with all of your money in one coin.
You need to deal with every possible loss because you're a human being. Loss or profit... Both are quite possible in trading. But, one thing that came to my mind is you said losing all bitcoins you invested in. Always try to keep yourself away from these kind of investments. The investment that you can löse your all should be exremely risky!
To combat the loss of the money market, you can only do the following.
- frequently change passwords
- use multi-layer security.
If you do these things you will be safe.
If the thieves get past the things you did, I guarantee that the bitcoin will not be able to survive until today.
- frequently change passwords
- use multi-layer security.
If you do these things you will be safe.
If the thieves get past the things you did, I guarantee that the bitcoin will not be able to survive until today.
Losses will always occurs in any investment, trading and in life. No matter how we prepare, study, and research, there will always come an instance that we will lose some time. Any investment or trading aren't permanent , it fluctuates unconsciously. Capital loss is the final destination and they aren't worth much other a painful investing lesson. Loss is some kind of an emotional and psychological torture. To overcome with this, is being capable to accept the fact that loss is a fundamental part of life. To deal with this failure is what determines our long term success and sanity. Our failure should produce us improvement and we should learn from each and every loss.
It is extremely hard to deal with misfortune however we are living actually and we can never get away from those sort of situations in exchanging. Bitcoin is volatile to the point that we can not control. Some of the time, it happens that we have losses.In this case, we must be candidly solid. We are discussing misfortune either huge misfortune or little misfortune. For whatever length of time that it is misfortune. Simply figure out how to be tolerant and be sure dependably.
That is flawlessly a beautiful method to manage misfortunes. See everything as an ordeal and experience accompanies learning to have the capacity to settle on better choices for what's to come. On the off chance that I lose, I consider it to be an approach to provoke myself to improve the situation next time, and when I improve the situation next time, it is an or more for me. It is ordinary that lone a trick continues rehashing a similar thing expecting diverse outcomes yet once you have done it previously and you update your choice to an appropriate one next time, it without a doubt improves you get.
Diversify... cause in trading it's always "You win some, you lose some". One cannot always gain. The best way to Minimize your losses is by researching about the coin you're trying to invest in.
It's already given and it's a necessary part when trading, otherwise you will have no future in trading. The fact that it's risky, you have to work to be successful, you cannot just rely on your guts without making a research, and it's a continues research.
It is very difficult to handle loss but we are living in reality and we can never escape those kind of scenarios in trading. Bitcoin is so volatile that we can not control. Sometimes, it happens that we have losses.In this case, we have to be emotionally strong. We are talking about loss either big loss or small loss. As long as it is loss. Just learn to be patient and be positive always.
Learn from our previous mistakes.
Learn from our previous mistakes.
Diversify... cause in trading it's always "You win some, you lose some". One cannot always gain. The best way to Minimize your losses is by researching about the coin you're trying to invest in.
I usually just do not sell coins if they cost less than I bought them, it's called a drawdown with the hope that the coins will grow
all my investment in altcoins now are at red flags. Instead of panicking what I do is trading while holding. To increase the quantity of my coins. But not all coins can be trade when the market is bearish. Just got lucky I guess.
for today, quite a lot of coins are in the red sector and therefore it is pointless to talk about panic. Today, the market has just entered a phase when it is very dependent on Bitcoin. And this coin today does not show the best results.
all my investment in altcoins now are at red flags. Instead of panicking what I do is trading while holding. To increase the quantity of my coins. But not all coins can be trade when the market is bearish. Just got lucky I guess.
I feel you should firstly build your courage that it happens as one of those things. Then, if you have not totally loose all the coins, you may hold on the little remaining. You would now have to identify the causes of those losses, enumerate the likely causes to avoid/prevent the future occurrences of such.
You will now try as much as possible to raise new capital and diversify to few other coins without concentration on just one coin, known as basket pool of coins. At the end, never buys more than what you can loose next time.
You will now try as much as possible to raise new capital and diversify to few other coins without concentration on just one coin, known as basket pool of coins. At the end, never buys more than what you can loose next time.
So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I face the loss patiently and hold, as long as the price is still below and has not risen then I will hold forever, because if I panic selling then I will loss, so the key to success in trading if the price fall must hold until the price back up again, otherwise like that then the loss will be obtained.How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I'll do the same, I never sell my coin while the price are still in the down. I just keep on holding than to sell my coin without any profit. Patient is our key to gain huge profit.
So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
In trading you don't need to deal with any loss because there are 2 chances that what we call WAIT and PATIENT if you have that 2 chances you will win at the end.
As long as the crypto market are still alive and the coin prices are still moving you don't have to worry about loss or anything. The loss you've saying it will be happen if there's no cryptocurreny.
So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I face the loss patiently and hold, as long as the price is still below and has not risen then I will hold forever, because if I panic selling then I will loss, so the key to success in trading if the price fall must hold until the price back up again, otherwise like that then the loss will be obtained.How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
You have to accept them and see where you were wrong and do better the next time. Also make sure you have stop-losses set and don't go in with all of your money in one coin.
Well to deal with our loss we should just move on and be more better and we should learn from that mistakes so next time we will not able to deal with a big loss and for me we should just be better on investing our money on a great altcoin that has a very good future.
In trading it is always advisable to use a stop loss in trading to reduce the risk involved, it is also advisable to trade with the amount of money you can afford to lose. I.e Do not carry all your eggs in one basket. And always look for profitable trade with a high risk to reward ratio 1:3
you invest in some trusted altcoin and the price drops and that's totally fine because there is risk involved in trading.
But this is the worst thing that can happen if we invest in some new coin and the coin doesn't get sufficient investors and all are sell orders and no one wants the coin so to recover this all we can do is let that useless coin stay in the wallet and hope it may increase in future.
But this is the worst thing that can happen if we invest in some new coin and the coin doesn't get sufficient investors and all are sell orders and no one wants the coin so to recover this all we can do is let that useless coin stay in the wallet and hope it may increase in future.
So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I face the loss patiently and hold, as long as the price is still below and has not risen then I will hold forever, because if I panic selling then I will loss, so the key to success in trading if the price fall must hold until the price back up again, otherwise like that then the loss will be obtained.How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I'll do the same, I never sell my coin while the price are still in the down. I just keep on holding than to sell my coin without any profit. Patient is our key to gain huge profit.
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